Royal Bank of Canada Sells 11,666 Shares of T. Rowe Price Blue Chip Growth ETF $TCHP

Royal Bank of Canada lowered its position in T. Rowe Price Blue Chip Growth ETF (NYSEARCA:TCHP) by 22.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,872 shares of the company’s stock after selling 11,666 shares during the quarter. Royal Bank of Canada owned about 0.10% of T. Rowe Price Blue Chip Growth ETF worth $1,761,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TCHP. Cetera Investment Advisers boosted its stake in shares of T. Rowe Price Blue Chip Growth ETF by 9.8% during the 1st quarter. Cetera Investment Advisers now owns 3,921,510 shares of the company’s stock worth $173,252,000 after purchasing an additional 350,571 shares during the period. Fortis Capital Management LLC purchased a new stake in T. Rowe Price Blue Chip Growth ETF in the 1st quarter worth about $235,000. PNC Financial Services Group Inc. bought a new stake in T. Rowe Price Blue Chip Growth ETF in the first quarter worth about $104,521,000. Glenview Trust Co lifted its stake in T. Rowe Price Blue Chip Growth ETF by 5.9% in the first quarter. Glenview Trust Co now owns 2,061,290 shares of the company’s stock worth $91,068,000 after purchasing an additional 114,354 shares during the last quarter. Finally, Thayer Partners LLC MA boosted its position in shares of T. Rowe Price Blue Chip Growth ETF by 0.5% during the first quarter. Thayer Partners LLC MA now owns 57,477 shares of the company’s stock valued at $2,539,000 after buying an additional 281 shares during the period.

T. Rowe Price Blue Chip Growth ETF Stock Performance

TCHP opened at $50.39 on Wednesday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 37.14 and a beta of 1.20. The stock’s 50 day moving average price is $49.82 and its 200-day moving average price is $48.77. T. Rowe Price Blue Chip Growth ETF has a one year low of $42.26 and a one year high of $53.26.

About T. Rowe Price Blue Chip Growth ETF

The T. Rowe Price Blue Chip Growth ETF (TCHP) is an exchange-traded fund that is based on the Russell 1000 Growth index. The ETF currently has 291.89m in AUM and 78 holdings. TCHP is an actively-managed, non-transparent fund that focus on companies with potential for above-average growth TCHP was launched on Aug 4, 2020 and is managed by T. Rowe Price.